Bearish pressure has increased on EUR/JPY says Trader, however, the euro is now slightly oversold so the cross may hesitate around 130.00 Tuesday. That said Elliott still favors the downside and would sell at market, adding at 131.00 with a stop above 132.45 looking for short-term targets of 130.00, 129.60 and then 127.75. EUR/JPY now at 130.33.
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